Episode 9: Billionaire Tax: Exploring the Wealth Tax Proposal - Will It Impact the Ultra-Wealthy?

We have seen a meteoric rise in interest rates. It is one of the quickest rate rises we've seen in a long time, and that's because it's kind of run in parallel with inflation being hot and the economy running hot. And, Jerome Powell, the Fed chairman, would like you to keep the word inflation out of your mouth because he talked about it being transitory.The big headline was the billionaire tax or a wealth tax. So basically, if you have $100 million or more in assets, or if you're making $100 million and you don't pay 20% tax on the income you report, then your assets and your unrealized gains can be taxed according to the president's proposal. We'll see if it passes.A recession can happen in 24 months. But how do we get there? We can have ups and downs, it could be very choppy. Tomorrow could be a new day. It's a new quarter, a new month. Stay up-to-date on all the latest news, updates, and exclusive content by following us on all of our social media accounts! https://linktr.ee/kptalksdollarsandsense#KPTalks